Attractions To See in Portage Michigan

Things To Do -Portage Michigan

Portage Michigan is the home of many splendid things — we know it, because we live here. Beautiful scenery, majestic lakes, fabulous food, quirky locales and hidden gems just barely scratch the surface of what Portage Michigan has to offer.

We asked staff members of the Portage Press to share some of the best things to see and do in Michigan, based on our personal experiences. Here are 50 ideas you may want to add to your bucket list if you visit Portage, MI.

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I've written a few posts and even created a video about amenities in Troy like churches and school districts. In this post I thought I'd touch on some of the other fun things that Troy has to offer. After all, many of these items really make it worth owning a Troy Michigan home.

SHOPPING

Anyone who has driven down Troy's Big Beaver corridor is familiar with the spectacular sight of Somerset Mall. The mall stretches across Big Beaver and is connected by an elevated walkway that connects the North and South sections. In addition to its upscale anchor stores (Nieman Markus, Saks, Macy's, and Nordstrom), Somerset's smaller stores undoubtedly combine to make up the highest-end shopping available in Michigan.

If you're looking to buy a home or a condo in an area that has a lot of entertainment value to it, Troy Michigan is a great place to start.

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If you are looking for lease purchase houses Metro Detroit, you are not alone. Many Metro Detroit homes for sale by owners and agents advertise a lease option or "rent to own", but not all of these plans are the same. They are becoming increasingly popular, but you may find that you do not qualify for some.

The power of the lease purchase is that you can get into a home even if you have past credit issues. As long as you have a job, a small down payment or option consideration, and can afford the monthly payments, a lease purchase may allow you to realize the American dream of home ownership.

For those who are interested in lease purchase houses Metro Detroit is a good place to look. At the moment there are literally thousands of Metro Detroit homes for sale. This is good news for buyers, but could be bad news for sellers, particularly those who need to sell quickly to avoid foreclosure.

Lease purchase is a good idea for people with past credit issues, small down payments or for anyone that wants to stop wasting their money on rent and make a real investment in their future. It is also a good idea for people who need to sell quickly.

If you currently own one of the Metro Detroit homes for sale and are tired of waiting for a buyer, you should know that there are unique options to consider. One plan is to help the tenant-buyers improve their credit, making it possible for them to qualify for a conventional mortgage during the lease purchase term.

This is a powerful strategy some real estate investors for lease purchase houses Metro Detroit are using in this current market.

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Lease Purchase Houses Metro Detroit - What You Need To Know

Does commercial real estate in southeast Michigan offer the most outstanding investment potential anywhere in the country right now? Some investors think so. When the great recession fully took hold in late 2008, the entire real estate market, both locally and nationally, plummeted in price creating a once in a lifetime opportunity for all cash investors. There have been a handful of high-profile transactions in the past few months with the promise of more to come in 2012. The buyers range from out-of-town value seekers to savvy local investors. Here are two examples:

West Tech Park is one of the premiere R&D/Flex developments in the suburban west side market. It sits prominently at the corner of Haggerty Road and the busy I-696/I-275 Interchanges in Farmington Hills, Michigan. Totaling nine (9) buildings, and over 278,000 SF in size, it was originally developed in the late 1980's by a partnership of well-known local developer REDICO and TIAA-CREF, the giant teacher's pension fund in New York. West Tech Park has had a few other prominent owners over the years, including Pennsylvania based Liberty Property Trust, Iowa based Principal Life Insurance Company and of late, ETC Capital LLC, which is backed by local 5-Hour Energy entrepreneur Manoj Bhargava. ETC Capital was able to acquire West Tech Park for $8.5 million, or $30 per square foot. This is less than 50% of the cost to construct the property back in 1987, when asking rents alone topped the market at $12.00 to $13.00 per square foot. Now granted, the new Landlord will have to invest additional dollars to maintain the property and outfit it for new tenants (the property was only 32% occupied at the time of purchase according to CoStar.com), but ETC Capital will be competing for those tenants with a base investment significantly lower than many of the competing area properties. Bhargava, through another entity, recently purchased a modern Plymouth Township building formerly occupied by Johnson Controls for a mere $22 per square foot. Again, this just is a fraction of the cost to construct this building back in 1996. One can only conclude that Bhargava knows great value when he sees it, and believes in the long-term prosperity of Metro Detroit.

The unprecedented swoon in the commercial real estate market has created a once in a lifetime opportunity for value investors. It's time to buy commercial property in Detroit!